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The Latest Breaking News from Economy

Australia and China must resolve their differences with the global economy facing a number of difficulties, the Asian country's ambassador has told journalists.

AAP

MP Congress questions CM Shivraj Singh Chouhan’s $550 billion contribution claim

BHOPAL: The state Congress on Tuesday raised questions on chief minister Shivraj Singh Chouhan’s promise to Prime Minister Narendra Modi that Madhya Pradesh will contribute $550 billion towards making India a $5 trillion economy.

The Times of India

China's youth face bleak job market as COVID slows economy

China’s 11 million university graduates are struggling in a bleak job market this summer as repeated shutdowns under China’s zero-COVID lockdowns forced companies to retrench and driven many restaurants and other small employers out of business

The Independent UK

From analysis to the latest developments in health,
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Mother's Day to see 9% rise in spending

Spending on Mother's Day is expected to increase by 9% this year to 10.8 billion baht, the highest level since 2012, as consumers feel less concerned about the Omicron variant of Covid-19, reflecting the start of the country's tepid economic recovery, according to the University of the Thai Chamber of…

Bangkok Post

CBA results drag down finance sector as ASX trades lower on international inflation nerves

Australian shares are trading lower on Wednesday, as investors await crucial inflation data out of the US. Data out of China has already showed that price hikes there are rising, too.

ABC News

The 3 Best Dividend Stocks to Buy for Retirement

Sky high inflation, the Fed’s rate hikes, and a slowing economy have worried investors and led to massive pressure on the stock market. In such uncertain times, dividend-paying stocks Broadcom (AVGO), BHP Group (BHP), and Insperity (NSP) could be ideal investments for your retirement portfolio, given their fundamental strength. Read…

StockNews.com

3 Energy Stocks to Buy on the Dip

Despite the recent retreat in oil and gas prices from their peaks, analysts expect energy prices to rise, driven by substantial demand and restricted supply. A surge in demand due to the reopening of China’s economy could boost oil and gas prices significantly. Given the industry tailwinds, we think it…

StockNews.com

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2 Downgraded Stocks to Avoid at All Costs

The macroeconomic headwinds and the growing recession risks are leading to immense volatility in the stock market. While investors are awaiting the July inflation report, the Fed has signaled more rate hikes in the coming months, despite the slowing economy. Given the uncertainties ahead, we think it could be wise…

StockNews.com

5 High-Volume Stocks You Might Want to Avoid Right Now

Multi-decade high inflation and rising interest rate hikes have increased the odds of the economy slipping into a recession. Since the economic data releases and speculations surrounding them are expected to keep the market volatile, it could be wise to avoid high-trading volume stocks AMC Entertainment (AMC), Snap (SNAP), NIO…

StockNews.com

BlackRock Says There Is No 'Soft-Landing': Central Banks Will Have To Plunge Economy Into A Deep Recession To Stop Inflation

In the current uncertain macroeconomic environment, the world's largest asset manager, BlackRock Inc (NYSE: BLK), predicts there won't be a "soft landing" and prefers to be overweight investment grade (IG) credit over standard equities.

Benzinga

Indian visitors to Dubai more than double to 8.58 lakh in January-June

MUMBAI: The number of Indian visitors to Dubai rose more than twofold to 8.58 lakh during January-June 2022 compared to the year-ago period, according to the Dubai's department of economy and tourism (DET).

The Times of India

Little-known €1 coin hack can help drivers slash fuel consumption levels in minutes

Experts have urged drivers to monitor their fuel economy and cut fuel consumption simply by checking their tyres

Irish Mirror

Brits could be paid thousands to move to idyllic Italian island in economy-boosting plan

Officials in Sardinia have offered young people thousands of pounds to move to some areas of the island where fewer than 3,000 people live to boost the local economies

Daily Mirror

After the Bear Market Rally What Comes Next?

The stock market is in the midst of an impressive and blistering rally. From the mid-June lows, the S&P 500 (SPY) is up 14%, while the Nasdaq Composite is closing in on a 20% gain. Some of the factors behind this rally are extreme bearish positioning, better than expected economic…

StockNews.com

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Motor1

2022 Ram 2500 Power Wagon Review: Walking Tall

More like an extra-large Gladiator Rubicon than an F-150 Raptor, this plus-size rock crawler is tons of low-speed fun.

The Independent UK

Liz Truss refuses to commit to more cost-of-living support if she becomes PM

The Tory leadership contender said tax cuts are her priority to kick-start the economy.

The Hindu

Population is an asset to the economy as it is linked to the scale of a market: Amit Shah

Modi government has brought 60 crore people out of penury, he says

StockNews.com

The Most Stable REIT to Buy for a Recession

Economists believe that the economy has already entered a recession after two consecutive quarters of economic contraction. Therefore, one could consider investing in a stable REIT like Alliance Global Group (ALGGY) to generate steady dividend income and survive the market volatility. Read on to learn our view….

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The New Daily

‘Turning point’: Business collapses spike but local recession still unlikely, say economists

The number of businesses falling into administration spiked in July as economists warn the economy is headed towards a “turning point”.

Asharq Al-Awsat

Iran Makes First Import Order Using Cryptocurrency

Iran made its first official import order using cryptocurrency this week, the semi-official Tasnim agency reported on Tuesday, a move that could enable the country to circumvent US sanctions that have crippled the economy. The order, worth $10 million, was a first step towards allowing the country to trade through…

Reuters

UK's Liz Truss still favours tax cuts over direct support on energy bills

Liz Truss, the frontrunner in the race to replace Boris Johnson as British Prime Minister, said on Tuesday she still favoured tax cuts to grow the economy instead of providing direct support to households facing unprecedented rises in energy bills.

Asharq Al-Awsat

Public Sector Strike Cripples Cash-Strapped Lebanon

Tarek Younes was once solidly middle class and felt he helped contribute to society as an inspector in the Lebanese government’s consumer protection agency. But the country's economic free-fall has eroded his income and civic pride. In his desperation, Younes has joined tens of thousands of public sector employees across…

Al Jazeera

Philippine economy grows 7.4 percent, slowing from Q1

Southeast Asian country’s economic expansion slows from 8.2 percent growth during the first quarter.

Asharq Al-Awsat

Turkey, Israel Prepare for Economic Conference to Push Ties Forward

Turkey and Israel are preparing to hold an economic conference in autumn to discuss the possibility of promoting economic relations, a political source in Tel Aviv revealed Monday. The source said that in preparation for the conference, Israeli Economy Minister Orna Barbivai appointed Ambassador Matan Safran as a new economic…

The Independent UK

Public sector strike cripples cash-strapped Lebanon

Tens of thousands of Lebanese public sector workers are on strike for a sixth week as they struggle to cope with the country's crippling economic crisis, further eroding what's left of the country's state institutions

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